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Humana, Anthem get $1.3 billion in PPACA risk payments

The U.S. government will pay Anthem Inc. $742 million and Humana Inc. $549 million to reimburse big insurance claims the companies covered under the Patient Protection and Affordable Care Act.

By Zachary Tracer | Updated on July 02, 2015
Specialist Anthony Rinaldi works adjacent to the post that handles Humana, on the floor of the New York Stock Exchange, Monday, June 8, 2015. Humana is pulling out of a major health care conference and says it will not comment on rumors about a possible merger, moves that likely will fuel Wall Street speculation that the insurer is, in fact, part of a developing deal. (AP Photo/Richard Drew)

(Bloomberg) — The U.S. government will pay Anthem Inc. $742 million and Humana Inc. $549 million to reimburse big insurance claims the companies covered under the Patient Protection and Affordable Care Act.

The reinsurance payments — which also went to firms like Aetna Inc. and Assurant Inc. — are designed to stabilize Obamacare’s nascent insurance markets by helping to cover more expensive claims. The figures disclosed Tuesday were in line with what the companies had projected.

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